I like this concept. It is also interesting that Bytemaster from Invictus has been going back and forth about it in this thread:
Quote from the whitepaper
c) Coins do not compete with Bitcoin as a store of value.
1) The Truthcoin Blockchain is a Bitcoin-inspired proof of work Blockchain with different block validation rules.
So truthcoin [TRU] is a colored version of Bitcoin on it's own Blockchain?
So if Peercoin were to adopt this, we'd simply create our own blockchain and fork this project, take out the proof-of-work and replace it with proof-of-stake?
I'm eager to see some thing like this for Peercoin for sure.